Link: PSL Update
How are things going for the season ticket sales? According to New York Times columnist Richard Sandomir, we don’t exactly know. While the upper bowl is completely filled, the team isn’t giving out numbers on the lower bowls.
The Jets are not saying exactly where they are in the sales process other than to say it is going well.
“We expected a drop-off after the season, but they’ve kept up at a strong pace,” said Matt Higgins, the Jets’ executive vice president for business operations. “We’re not putting out claims that we’ll sell out tomorrow, but we expect to sell out before the season.”
Higgins said that about a month ago, the team repriced about 6,000 seats in sections straddling the goal line, cutting $10,000 licenses to $7,500 and $6,000 each. “We’re almost sold out of them,” he said.
The team’s in-house sales force is seeking P.S.L. buyers beyond its base of season-ticket holders and its waiting list. Higgins said that sales people had been cold-calling individual and corporate buyers.
“We’ve been doing that for some time,” he said. “We buy lists, we call targets identified by a media-buying firm.” He added, “You can’t sell out club seats by selling to your existing season-ticket base.”
Higgins said the team had sold out of its 27,000 upper-deck seats, which were available without licenses, and cost $95 to $125 per game for season tickets. But some of those seats have opened up as fans upgraded to licensed seats nearby when those ticket prices were cut.
82,500 minus 27,000 is 55,500, and if the team isn’t saying, then it’s probably not good, because it means they’re still hoping to get max dollar on whatever inventory remains and the best way to do that is to say nothing. If it was public as to how many seats remained, those who have already made purchases might get some buyer’s remorse, and anyone who was thinking of getting in would probably hold the team’s feet to the fire in terms of the sale price.
While we’re sure that the lower seats have sold a fair share, I’d still venture to guess that there’s a healthy base of lower seats still available to fans — and might be into 2011 or 2012 season. Basically what we predicted to happen, sounds like has happened. Season ticketholders with the best seats (and best seniority) have flocked to the upper bowl, where seats have no PSLs associated leaving the lower bowl a ghost town at hundreds of dollars a seat, and tens of thousands per PSL.
By looking at the official PSL map, I can see why the lower end zone seats sold so quickly, it’s the best deal on the lower level, so potential ticket holders rushed at the opportunity to get lower bowl seats so “cheap” … when you compare it to $15,000, $30,000, even $50,000 for PSLs attached to other lower bowl seats.
I’ve never been reticent to say that I think that PSLs are a less than savory method for teams to get fans to subsidize the single biggest way for an NFL team to make money that stays exclusively with that team (not shared revenue like TV contracts) and thirty years from now, when a new stadium is built, guess who’s going to have to pay for PSLs again? So while fans invest into helping defray the cost of building the stadium for the teams, that investment is not recouped via the concerts or Super Bowl or any other such revenue that the team will draw from the stadium.
Personally, if I had the money to spend on seats I wouldn’t, but that’s just me. I love being at the game, but for my money, I’d spend the requisite $10,000-$20,000 on renovating a room into a home theatre, or something to that effect.
95 Responses to Link: PSL Update
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John Z says:
I let my season tickets go over A- the money and B- not having the massive amount of time required to get to and from the stadium on game day. Since then, the Jets have been stalkers, sending me mailings, emails and even calling me on my cell phone. Seeing as it took 13 years to get off the waiting list, this approach lead me to believe there is some trouble in the area of ticket sales.
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KenB says:
love the team… hate the scam… hate to have given up tickets that have been in the family since shea but we’re priced out.
The game today is meant to be watched on tv… with them slowly taking tailgating away, another g.d. tv timeout?!, inconvenient scheduling… great a thursday night game… I guess I’ll take a vacation day thursday and friday, full price preseason tickets, $50 parking and I have to park a town over!, Not too mention, you generally get treated like crap at the stadium by security – you’re just another obnoxious a-hole to them… you are, but that’s another thing. And for $10,000 I get a cupholder, overpriced tickets and some architectutal pleasing areas…what happens after the next 30 years?
At home in front of a 46″ HD tv, in room temperature, I’ll check my fantasy stats and drink all the beer I want and enjoy the tv timeouts to pee out said beer. Pause and rewind. Not have some obnoxious Dolphin fan taunting the section looking for some attention in their sad and lonely existence. I mean it’s just sad to watch.
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I used to have season tickets, then moved out of the country so gave them up.
When I got back a few years later, I started going to one-off games here and there by buying from scalpers on game day. Not the cut-throat scalpers but just regular people who had tickets to unload. I always got a fair price, sometimes pretty cheap depending on the weather and how the team was doing that year.
I expect people who laid down a ton for PSLs will try to get more for their extra tix on game days, will be interesting to see how that plays out. -
cabras says:
John Z,
I have the same story, they are relentless. I had seasons for 40 years, and find it ridiculous to pay for the “right” to buy season tickets. It is almost like extortion, if you buy a psl, you are stuck having to buy every ticket for everygame, or you lose your psl $. And wait until they jack up the ticket prices, and parking, etc. I used to think that you had to go to the game, but I have to say, watching at home, no traffic, get to see all of the late games, and $6,000 in my pocket (4 tickets @$150 each) priceless!
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Nicole says:
Luckily we had enough seniority for the non-PSL seats. The whole thing reeks, though. Especially in this economy, they have to know that even if they DO manage to sell all those PSLs, it’s going to be to corporations and suits and the game will lose ANY sense of its “true fans” and the “blue collar” team aura. Just sucks.
And i know I am not the only one who has decided since ticket prices are ridiculous, the PSL scam was a slap in the face, and the commute to the game has become hellish, i will NOT be buying more than one Jets t-shirt or other licensed item a season. Too bad.
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PSLs priced out all my buddies (well sent them to the upper deck at least) and hty’ve had tickets for a while (though not generations like some of ya’ll).
When I moved back to NY from Cali, I was lucky enough to go to several games with these guys when a ticket came free. Their story was reflected by nearly every fan in their section which was really a good one – under the overhang, not far from the 50.
But every fan in that section I talked to was moving up or completely out. And every one of them, pissed though they were, knew that the team (like any team) only sees them as tiny $$ signs and no amount of complain would change the fact that they’re going from great seats they had to wait and figtht for to relatively crappy seats – for the same damned price.
the comments here hit it on the nose – as does Bassett’s article – spend the 10k on your house and surround sound. Get a bunch of friends to come by. Hell, have everyone pitch in for Sunday ticket.
You’ll still come out ahead cash wise. But that’s today’s NFL.
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PSL says:
I hate to say this but PSL do benefit some people. A friend of mine been on the waiting list for years finally got his season tickets. If it wasn’t for PSL’s he might have waiting a lifetime.
you guys can complain that season ticket holders are getting scammed (which they are) but for those who werent born in the 60′s (and didnt have football fan fathers) were always getting screwed.
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Nicole,
All licensed NFL product sales go to the NFL which is a 501 3 c non profit organization which is tax exempt (look it up), I would rather donate $ to the homeless!
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hojo3 says:
I shelled out the cash for 2 TD corner seats..actually I am financing them. I am an actor in nyc, which means money comes and goes. PSLs and season tiks are NOT in my budget, but I do not care. It has always been a dream of mine to have them…now I do. I don’t have a car, rolex, country club membership, mistress, or any other extras that cost a lot of money…just my awesome seats…Go section 144!
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Steve says:
I am with most of you. I gave up my season tickets. I had tix in sec 209 in Giants Stadium and I just cannot justify spending all of this money to go to these games and have to move up to the upper level just to afford them. I live 2.5-3 hours away from the stadium so I did not go all of the time. Usually 2-3 games a year.
I have a big feeling that I will be able to get any tickets I want off of Ebay for Face Value without spending money on the PSL’s. People will just need to get rid of the tickets anyway they can.
I went as far as saying something similar to what John Z said above to the sales person for the Jets. They were calling me and contacting me everyday. It was just becoming enough. They even sent a flier in the mail that pleaded with me so bad to buy tickets that I think I saw teardrops on it. They also sent a survey over email that asked you to rank 1-10 on how likely you would buy tickets if they threw something in like free food for a year for example. Clearly no matter what anybody says I don’t think its going well as far as selling these tickets. And if everybody who is teetering on the edge would just hold on that much longer I think we will see another decrease in ticket prices.
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klecko71 says:
to be blunt….. any team that does PSL’s can go F themselves and eat S–T…..
the fact that some teams do them, and MOST dont is somewhat troubling to me as well. If its such a great idea then why arent all teams doing it….in every freaking sport.
football rocks….and if i had the $$ i still would go upstairs and not pay the PSL if possible…. or do what i have done for my entire life: pick the games I want to go to….pay 20% above face value…. and enjoy the day.
roger goodell is a loser for allowing the teams to do it….. the league / teams screw fans with full price pre-season games…and last minute time changes… yes its “cool” on paper to get the thanksgiving night game but i aint going near it….
they really need a reality check…..not more checks from loyal fans….
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Brendan says:
I would like to thank those of you that give up your seats, I’m probably sitting in one of your seats this coming season.
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PSL
The only people that the PSL benefits have a last name of Johnson. On any saturday nite, or even sunday you can get face priced tickets for that days game. The Jets do not understand that with the internet you can buy whatever tickets you want, without wasting $ on preseason, or games that you cannot attend.
I still think that they should offer a concession discount card, or free parking to the suckers who paid for a PSL. Sorry for the sucker line, I could not help it.
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jetfaninla says:
Here’s a good example. I know a guy that is one of the top lawyers on the west coast. He had great seasons tickets for the NY Jets in the old stadium. He absolutely has the money to buy seats in the PSL section. But even he was like nah that’s too much for football, and got an upper bowl seat.
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What happens if there is a lockout? Do you get a % back? LOL or does the team make you still buy tickets for a season that may not happen?
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SackDance99 says:
I think that the whole PSL device is a terrible scam to fleece season ticket holders and redistribute the “wealth” of lower-level seats from the middle class (long-time Jets fans that carried their Shea seats to Giants stadium) to fans that can afford the lower level PSLs and club seats.
But, as someone who first got tickets in 1992, I hated how impossible it was to move from my upper level nosebleed seats to better seats (I upgraded once from the endzone to @ the 10 yard line). I viewed the PSLs as an opportunity to finally get lower level seats. Also, I know that many of the lower level seats weren’t held by real Jets fans. When the Jets announced the move, many hardcore Jets fans didn’t buy seats in GIANTS stadium on principle. Younger fans may not ever get the AFL-NFL hatred, but the Jets-Giants rivalry was real. So, who flocked to buy those seats? Jersey Jets fans, ticket brokers, who at the time were legal in NJ and illegal in NY, and Jersey Giants fans who were shut out of Giants Stadium. I’ve had friends give me lower level seats and the number of Giants jerseys is ridiculous.
So, I’m a real Jets fan that will be in the lower level and I hope I displaced a ticket broker or Giants fan! And, I love live NFL football. I love when the crowd takes over a game and the other team begins to wilt. Tailgating is just a great excuse to eat red meat and polish off a 12-pack before noon (as long as I’m not the designated driver). Sure, a nice surround sound system and huge HDTV and the comfort of a full fridge stocked with your favorite brew is likely a saner and more fiscally sound way to spend sick PSL money. But, whenever I’ve had to sell my seats and ended up watching the game at home, I have to say that I missed being there.
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LukeV says:
Dumb question…What happens with the seats that dont get sold??? Maybe we’ll actually be able to buy tickets from a stand or online for individual games!! That sure would be nice!
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BigKatt wants a ring says:
I’m a college student. I have 24 dollars in my bank account at the moment. I do not care about this story.
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cabras,
I’m guessing that if you financed the PSLs, you’ll still have to pay. But, if you pay for the tickets, you will be credited like when you buy playoff tickets for a game that doesn’t happen, like last season’s AFC Championship game against the Ravens. I paid for the tickets, the game didn’t happen and my account was credited for the 2010 season..
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mole57 says:
Sack, I got my tkts in 1992, too (on the 5 yard line nosebleed) and was never able to upgrade. Now we’re on the 10-yard line in the new stadium (still nosebleeds, though). I agree with you about the experience — there’s nothing like it. However, there are limits. There was no way we were shelling out for PSLs. If the upper bowl wasn’t available to us, we would have called it a day. We love our team and devote countless hours getting there and back, but we have to draw the line at extortion.
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I paid $4k for the middle tier, 35 yard line on the home sideline. I never had season tix before this year. I’ll take it.
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Sackdance,
In most businesses that would be illegal. I wish I had a business where I could collect $$ for a product and not have to deliver it for 1 year. More fan scamming from the NFL.
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Carbas,
That’s not illegal. The PSL isn’t a one-year thing. It’s basically like financing a car. You pay X, you finance it over Y months, even if your car is broken for a year, you’re still paying it off because you entered into the agreement for X value.
I would assume that they would still make you buy the season seats and then if there is a lockout they would reimburse you accordingly.
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Brendan,
I am talking about ticket money that you pay for tickets which gets held as a credit. Not PSL $.
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JayM says:
So the PSL is like buying a car and the tickets are like paying insurance on that car too bad the ticket price is not set forever. :)
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JayM,
You are buying a chevy, and end up paying for a ferrari!
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Oh ok, well I assume they’d do what teams generally do for playoff tickets. Keep a down payment and reimburse the rest. Somehow not illegal, and standard practice for all sports.
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mole57,
I hear you. The PSLs are extortion. But, for me, they were an opportunity because I was able to vastly improve my seat location. And, I suspect, there are many Jets fans like me or fans on the wait list that feel the same way. I hate spending the money, but I am psyched that I’ll finally have good seats.
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Scott says:
If I wanted to, I could afford to shell out the cash… but I wouldn’t waste my hard earned $! I would rather watch the games at home on my comfortable couch, drink cheap beer, eat good food, and have my own bathroom!
Even if somebody gave me the cash to buy a PSL(s), I wouldn’t buy in… just on principle! Only an idiot(s) would pay a hefty fee… for the “priviledge” to pay for overpriced seats, food, beers, etc.!
Plus… I’d rather use the $ to send my kid(s) to a good College/ University!
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cabras rofl
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cabras,
you can call my friend a “sucker” all you want, but he wont care cause he sure is happy to finally have season tickets, lol.
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Scott,
Please don’t call me an idiot because I love this team to the point I want to be at games. As Sackdance said, this was an opportunity for many people. Many people who had been shut out for years and couldn’t buy in for season tickets. You like the comfort of your own home, and on weeks the team is away I do as well. But nothing compares to being at a game at the stadium. There isn’t a Jet fan on Earth that can convince me that seeing last year’s win against the Pats from their own living room was more fun than being at the stadium.
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Steve, you got the “Please … We can work it out!” mailer, eh? The whole thing sounded like a jilted ex! Pretty sad.
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cabras,
The Jets give you the option to have them return your money, which I might do if there’s a lockout, but I usually don’t do it for playoff tix because of the short time frame before the payment for season tix is due.
Brendan,
Middle tier at the 35 yard line on the home side? The PSLs for 35 yard line seats are way more than $4K in both the mezzanine and lower level because they’re both club seats; I know because I’ll be on the 30 in the lower level in non-club seats on the visitor’s side. If you got a special deal, I want in on that!
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greene says:
mole57,
extortion? i didnt know the jets front office were gonna break your legs or burn down your business for not paying your PSL’s…. lol.
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SD,
I am retarded. 35 yd on home side were the seats I used to sit in, when the owners couldn’t make the game. I’m corner of the endzone on the home side for 4k. Either way, I now have season seats and I don’t care that I had to pay to get there.
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*Corner endzone, mezz., home side
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PSL,
He won’t be to happy payinng over $200 per game, watch out, it is coming!
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Congrats on your new seats Brendan! People can call us “idiots” all they want to. I am proud to be a STH. Have you toured the stadium? I highly recommend it. You can sit in your seats, and if for some reason you want to chage them you can do it right there. I was in the corner EZ, and upgraded to TD corner after my tour. There will be an open-house in april for all STH to come check out the stadium.
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hojo,
I have only taken a video tour, I have been very busy these past few months with family births (not my own, thank God), weddings, confirmations, and whatever else (family is huge, these things take up months at a time) so I haven’t gotten around to it. One of my buddies took like 30 minutse of video and tons of pics for me though, including pics from my seats. The place is truly gorgeous, and since I used to tailgate right next to it I got plenty of sneak peaks before it opened to the tours. But it sure is gorgeous and I cannot wait for that first game, the Sea of Green, and the deafening pitch of that crowd and first J-E-T-S chant on Monday Night Football.
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Scott,
Unfortunately, college tuition for 1 year is much more than the cost of the PSLs. Also, if you go to the games regularly, there are ways to economize. We tailgate and bring our own food and beer. We never buy food or beer at the stadium and the 3 hours of the game gives you ample “sobering up” time. The PSLs are a low as $4K per ticket for mezzanine endzone, which is a pretty good view. The PSLs can be financed over 15 years and some require just a 10% down payment. If you think about it, the PSL for those tickets (the $4K ones) over 15 years add about another $25 per ticket. Plus, if the Jets turn out to be a powerhouse, you can always sell your tickets at a profit or sell the PSL. Most stadiums have 30 years of use and once the stadium is filled up, I can guarantee that the PSL prices will rise on the market. This is New York, where the money is and when the recession is over, I know that I’ll make my PSL money back. Heck, I might be able to do it selling tickets to just 1 playoff game…i-bankers used to spend the cost of my PSLs in one night of bottle service at whatever downtown nightclub is hot. The average cost of a 1-bedroom condo in a doorman building still averages more than $1 million. If I’m really lucky, when my son reaches college age, maybe I can sell my PSLs to cover the cost of his college tuition!
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miketaliaferro says:
1) I assume that the folks who spend big PSL money will be looking for Woody to personally be running around the stands on game day, planting a big, wet Woody kiss on each and every tush in that section. And then presenting them with their own, very special, limited-edition Green and White Q-Tip! All that, PLUS a game! What a deal… That Woody, he knows how to throw a party!!
2) I’m encouraged to see that there are at least a couple of dozen people left who can happily drop that kind of cash in this economy for 8 exciting days in the Fall. It gives hope to many of the rest of us who might be hard-pressed to scrape up the funds to buy a new TV on which to watch the games (if there’s no blackout!), or spend it foolishly — like on housing or food.
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BubbyBrister/shovelpass says:
Woody always DID like Brendon best … :-)
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C Low says:
PSL’s are a joke. Jets relocating next door to Giants Stadium and “sharing” the new stadium is a joke.
It burns my arse that power hungry NFL owners pass off the finanicing of THEIR new stadium of excess to their diehard football fans in a creative scheme cleverly named PSL’s. Now that Woody will technically not be paying a dime of his own money to finance the stadium after all is said and done don’t you think he should reward his Jet fans with paying top dollar in this sole non-salary capped year to put a superbowl caliber team in place????? All I keep hearing about is 500K and TJ. BS. You are the heir to one of the most successful companies on the planet. Recession or no recession your company is thriving right now. Reward your faithful fans by frontloading some contracts.
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Sackdance,
Hey you might have some extra money after college tuition to buy the Brooklyn Bridge!
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PSLs don’t reimburse Woody fully. It’s not even remotely close. Him getting PSL money allows him to continue to be aggressive in giving Tanny $ to sign. Even when counting every single PSL seat as costing $20k, he only recoups roughly 1/8 of his money. So it’s not like he’s building the place for free.
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mike t.,
Season tickets were never “cheap.” The cost of 10 games worth of tickets and parking was always an extravagance. No doubt, PSLs put an additional burden on the fanbase. But, if you don’t have the money, don’t buy season tickets, don’t smoke, don’t drive a car and take the bus instead, don’t go to restaurants, etc. And, the stadium will sell out. Like I said, this is New York where people spend more on garaging a car than most people pay for their mortgage.
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cabras,
Is it for sale?
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NamVetJet says:
My group has had tickets since Shea and will be making the trip to the upper bowl this year from Sec. 117. PSL’s are obscene, especially when you are sharing a stadium with another team (talk about double dipping). I we are not happy up top (though I think it will be a fun crowd) we will probably be out of there and go the HDTV route. I will agree that there is nothing like watching an NFL game live.
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Sack,
Everything is for sale!!
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Sack—do you do financial planning?
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NamVetJet,
LOL, I’m a guy who spends money foolishly on PSLs, I could never do financial planning.
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Brendan, PSL’s in this instance do cover. Remember the Ginats are paying for half and the “NON-PSL” seats in the upper bowl are sold for a HUGE premium that will pay off even more in the longrun that a crappy 2k nose-bleed PSL.
Plus lets not forget the financing for the PSL’s as well as the all inclusive astronomical suite prices
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C Low,
We aren’t the Giants. Their fans got muchhhhhhhhhhhh more screwed over than Jets fans. Suite prices? I won’t feel bad because a millionaire is giving a billionaire a boatload of money.
Fact is, even when you factor in the APR financing, it’s not even remotely close. Woody is still footing almost all of the bill (since there are still tons of PSLs still available).
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Should’nt the owner of a stadium foot the bill, especially when the NJ tax payers gave them a boatload of financial help?
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cabras, they didn’t receive taxpayer money….hence the PSLs.
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@ Sackdance & Brendan (whoever else)
Appologies if I offended you all with my “idiot” comment… no disrespect meant, just got caught up in the heat of the moment while writing.
My point however, remains… that I can think a number of better ways to spend $4m – $20m. Financing aside, it’s still a scam to have to pay a fee for the “priviledge” of having to pay for overpriced seats/ parking/ food/ beer/ etc.
But that’s my opinion and the choice I’ve made… everyone else is obviously entitled to their own.
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Brendan, both owners won an NFL settlement that they both receive 150mm each from the NFL for the stadium. In addition they are both charging PSL. The Giants are charging PSL’s for all seats. However the season tix price for Giants uppertank are much lower than the Jets non-PSL seating.
And Brendan, who cares about the millionaires buying suites. My beef was with Woody not paying a dime in the long run for this stadium and the fact that in this rare uncapped year he should be opening up that wallet to make sure this teams win a SB this year.
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Brendan,
The land was free, look up the details, The NJ taxpayer got stuck with alot of financial hits. PSL’s are for profit, Jets/Giants got a very low interest loan from the “non profit organization” called the NFL (503c charity, tax exempt status!). The stadium would still be built w/out PSL $, it is pure greed! Nothing more.
Each NFL team gets +/- 140 million/year from NFL TV rights, plus licensing fees. Look it up. -
C Low,
NFL Settlement comes from a special fund that the NFL owners can vote to award to teams. That’s the NFL’s money. So yes, if you want to get technical the NFL makes its money from taxpayers spending money on the NFL product, but the NFL awards that money, it’s not like a state-awarded grant that gets paid by taxpayers.
So as I said, the PSLs are making up a fraction of the cost, the owners have to pay back that NFL Settlement and the rest was financed out of Woody’s pocket.
So he is paying dimes, lots of them. And they have improved the team so who cares if they are spending more or less than last year? They’re better.
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cabras,
You’re just quoting random financial figures.
The Jets got approximately a $175 million LOAN from the NFL. Loans need to be repaid.
So Woody had about $600-650 million to finance himself. He’s not gotten 1/6 of that with PSLs. PSLs are not “for profit” they’re to get back his (we’ll call it) $600 million back.
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I can’t defend Woody or the Maras/Tisches for the decision to have PSLs. IMO, they would derive more than enough revenue to pay for the stadium rather than go the PSL route. But, if they had decided not to have PSLs, the ticket prices would have gone up steeply. That’s what happened when the Mets and Yankees decided to forego PSLs. No matter what, the owners were going to recoup their investment over the short term from their fans.
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MLB?
Apples and Oranges….
What MLB team do you know that charges a PSL? None to my knowledge. Why punish the MLB season tix holder? That’s all the owners want is a steady stream of revenue vs unreliable walk-up gate revenue. -
C Low,
Because MLB teams get 82 home games. NFL teams get 8. And as a Mets STH I can tell you that I’d rather pay a $4k PSL for my seat and have the tickets raise slowly over time than have my ticket increase 30-40% in one year for a worse seat (that’s 30-40% per game ticket). Apples and Oranges, but they all are rotten.
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Brendan,
The point is that the stadium would be built if no psl’s were sold. The fans should not have to be “partners” with the owner. I know it seems like a long time , but in 2040 when they build a new stadium your PSL will be worth zero, and they will hit up the next generation for psl $$.
If I want I could go to all 8 games for face for the next 30 years, without buying a PSL, the only downside is that I would have to sit in different seats each week, the upside is I do not have to pay for games that I cannot go to. -
cabras,
Look, I don’t know how simpler this can be. Pay a PSL or have your tickets raise at by a half. It’s one or the other. No matter what the sport is or who the owner is, they’re not going to build a stadium with their own money and then not recoup that money back as quickly as possible.
In 2040, if the Jets have won even one Superbowl, my $4,000 commitment will be more than worth it.
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Brendan,
The ticket prices will go up either way, watch and pay!
Wait until you pay $50 to park, and $250 per ticket! I would bet that will happen by 2015! If you cannot afford the tickets for whatever reason, say bye to your PSL
$$.And by the way, I personally did not think we needed a new stadium! I mean you sit and watch a game, who cares about all the other crap in the building, it is just another way to get your $$.
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brian311 says:
you are missing the point on PSLs….the point of charging a PSL is to justify building a $1.7B stadium. you build a $1.7B stadium to create revenue streams (lux boxes, restaurants, concessions, etc) that put money in your pocket. the whole thing is circular
for example, giants stadium cost $78M to build. even if you adjust that to 2010 dollars, it isnt even a fraction of what the slinky costs. there is nothign wrong with giants stadium, it serves its purpose fine (purpose being to watch a football game). but because of these extra revenue streams, the owners need to build new stadiums, need to charge PSLs….30 more years there will be a new reason to build a new stadium – rince, later, repeat
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cabras,
i just need to say…. stop hating. lol. you dont like the ticket prices, and i agree with you, it sucks for people who have to relinquish their seasons tickets, but this is the real world…
ALOT of people have enough money in NY to pay for PSL’s. this market isnt some small town in the middle of no-where.PSL = sucks for poor commited fans, but re-shuffles the deck, to allow new committed fans.
what can i say? money makes the go round and round and round and round….
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*world
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CLow,
I read that the Mets, because they have a smaller park, considered PSLs for the best seats as did the Yanks. But, when the Yanks decided not to go the PSL route, the Mets followed suit. Look, like I’ve been trying to say, NYC is not Kansas City or Denver. It’s a City dominated by the financial services industry and by people that make markets in seats at religious services. But for the declining economy, I’m willing to bet that both the Yanks and Mets would’ve gone the PSL route because the transferability of PSLs for possible profit would work better here than anywhere else. Also, fwiw, the San Francisco Giants and St. Louis Cardinals have PSLs.
http://www.bizofbaseball.com/index.php?Itemid=42&id=1117&option=com_content&task=view
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Cabras,
I now pay $120 a ticket. The day that hits $250 is the day I’ll have a wife, kids & gray hair (I’m in my mid 20′s living the single life, for a point of reference). Now, if they didn’t charge PSLs my tickets would be $250 each probably within 5 years.
And we did need a new stadium. Aside from the whole playing-in-someone-else’s-house thing Giants stadium’s amenities were horrendous. Narrow concourses led to it sometimes taking 30+ minutes just to get to an escalator to get down from the upper deck. It’s a dump and needed to be replaced.
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Andy says:
Well I live a good 3 hours from the stadium, and do not have a lot of money so as much as season tickets would be awsome, I cannot afford it. Although I do manage to get tickets to one game a season. My question to people is that what happens to the ticket brokers prices with the PSL”s. Will they sky rocket as well because I am sure they had to pay as well or only a slight increase?
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Oh and I totallly agree being at the game…nothing like it. I get amped up for the game. And when those big third downs come up and the fans stand and make so much noise its deafing. It gives me goose bumps. I love the whole experience.
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Did I miss something? Why has no one mentioned the fact that if the games do not sell out they will NOT be on regular TV????????????????????????????????????????????????????????????????????????????
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…..because there is 0% chance games won’t sell out?
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Really Brendan the soothsayer— how many games did the Yankees sell out last year? about 4 or 5?
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Brian,
PSL’s do not justify building a stadium, increased revenues as you stated are the reason why owners build new stadiums (see Charles Wang/Bruce Ratner), and besides they do not need to justify building a new stadium to anyone. And yes 30 years from now there will be a new stadium, but the reason to build it will be the same, $$$$.
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Jet57 says:
Brendan, the PSL for the mid level 35 yd line seat is $15,000.
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……spindoctor,
Please explain how a baseball team, that has 82 home games a season, selling out games has anything to do with the Jets? Did they lose out on any games last year? PSLs won’t stop the sale of single-game tickets. So no I am not a soothsayer, but to site the Yankees is ridiculous. Know why Yankees games wouldn’t sell out? Because the single-game ticket prices skyrocketed in the new stadium, something PSLs helps avoid. So people who bnuy single-game tickets are benefiting.
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I sat second row 35 yard line last year— I have the money to pay for the 15k psls(for 4 seats) and the (reduced) ticket price of $295 each BUT I cannot justify the cost!!
For now, I am waiting this out. -
Jet57,
I corrected myself later on in the thread, That’s where I get to sit sometimes when the owner can’t go. I have tickets in Mezz, corner endzone on the home side.
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Brendan– many of the psls that have not sold are associated with per game ticket prices of $300 to $700. Can you tell me that those seats are guaranteed to sell if they can be bought on a per game or half season basis?
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spindoctor, Those are obviously club seats. They’re not selling because of the PSLs, not the ticket prices. There are enough rich folk in this area to buy up those seats if the PSLs don’t sell and they’re left with no STH. Do you seriously think that there is any way possible that a NEW YORK NFL franchise would not sell out a game? I remember last year people thought the home game against the Pats wouldn’t sell out. Come on.
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Brendan — I have plenty of money. I would not spend $700/ticket for a REGULAR SEASON game. The Giants have 1500 seats available. Some estimate that the Jets have 20,000 seats available. I do not think that it is a slam dunk that they will sell out.
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There are plenty of seats still available with “only” a $4000 PSL associated with them—They have a long way to go to sell out IMO.
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Brendan,
When the seats were $10 they had games that did not sell out. With this PSL situation you will see the NFL/Jets buying up tickets on Thursday to ensure that there will be no blackout.
Yes there are alot of people with money who CAN afford the club seats, and expensive PSL’s, but people with money do not like to get taken advantage of, which is exactly what a PSL is doing.When you look at the numbers they are worse tahn Bent wrote on this blog. If they had a 25,000 person list, that would be equivalent to 50,000 tickets (assuming 2 tkts per holder average), the fact that they have so many tickets left is a testament to the fact that they outpriced their product.
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Cabras — if there are a few hundred seats or maybe up to a few thousand, it is possible that the Jets will “buy” them. I don’t believe that they will if there are more than a few thousand seats. I do not believe that the home team gets to keep the entire “gate” and they will have to pay others(?visiting team?league) for seats that they did not get paid for.
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LMP23 says:
We originally got upper level seats, but then my family took the tour and when we got to the seats it felt unsafe to be so high up. Before and after the tour we had a different salesman calling everyday. I guess they sold my father the PSLs. Its ridiculous.
Giants and Jets both getting PSL money.
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James in TN says:
With daycare and student loans I can’t even afford the Sunday ticket. Glad there are some who can.
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KenEB says:
Other businesses raise capital by offering bonds that not only retain their value, but pay a return on investment. PSLs pay nothing, and are initially-priced independent of true market value (daring people to decide not to buy them). I understand why so many season ticket holders from Giants Stadium found it difficult to say “no” to the Jets, but because PSLs are nothing more than a legal “shake down,” and I totally disagree with the decision to pay the money. In the New York-metro area, it is very easy to find alternative ways to “get a life” beyond the Meadowlands. I applaud those of you who told the franchise where to stick the PSLs. I’m happy to watch the Jets on TV or listen on radio–and I’m not switching to Direct TV in case there are blacked-out games.
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NYDREAMER says:
I’m looking forward to going to the games with my kids every year. Felt it was opportunity to do something we all enjoy.
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Eddie DiGio says:
The simple fact for myself remains…if the Jets moved to Brooklyn, Queens, LI or even Manhattan…I would scoop up a PSL so fast it would be ridiculous
The commute home ( I never, ever leave games early) and the fact that Ive built a room in my house totally devoted to watching sports, are reasons I rarely go to the games anymore…
Not to mention that I am a nervous wreck while watching the Jets games and pace around my house, scream and curse at the TV. The best place for me to be is in the house…sorry Woody, I just buy a crapload of authentic Jets stuff from the website to do my part
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geoff says:
… spending on a home theatre. you got it pontiac, and then watch game on it. i love the jets, but no way in hell ill pay the asking price, even if i could afford it, which i couldnt possibly. maybe one game for 125 bucks a year, that would work.
My family begrudgingly laid down the cash a few months back. It depresses me to know that the team can have its way with us like that, knowing that we’ll always pay out because we’re addicted to their product, but we’ve had tickets since the year they moved to NJ…we just couldn’t let that go.